Arabica Coffee Extends Gains as Exchange Stockpiles Dwindle
Workers wash and dry coffee cherries following a harvest in Jacutinga, Brazil.
Photographer: Victor Moriyama/BloombergArabica coffee futures climbed for the ninth straight session in New York, hitting the highest in over three months as stockpiles decrease and as shipments from top producer Brazil stall.
The most-active contract rose as much as 2.3% on Monday, to the highest since May 12. The nine-day winning streak is the longest since early February.